Based on the work of Charles M. Dow, Richard D. Wyckoff developed a comprehensive methodology of market analysis that remains tried, tested and true today. It has been improved and expanded on by Dr. Henry "Hank" O. Pruden of Golden Gate University (www.hankpruden.com).
Long Wave Dynamics is a methodology based on the work of P. Q. Wall. improved and expanded on by David Knox Barker. (www.longwavedynamics.com)
"3 Non Correlated Methods” Analysis is a methodology based on the work of Constance Browne. (www.aeroinvest.com)
Below is my offering which I have named "Wyckoff Long Wave Analysis" which is a synthesis of the various disciplines who's strengths I feel compliment each other and as a tribute to their creators.
Signal Indicators: Emotional Ranges are generated by Ratio Positions on the Fibonacci Grid
Fibonacci Ratios: Solitude range=0 -.382 / Normal range= .382 - .618 / Frenzy range= .618 - 1.00
Symbol: GLD
Period: Weekly
where we were .......
where we were .......
where we are now...
Analysis
RSI= Frenzy (overbought)
Price= L1 Grid Frenzy (overbought)
Stochastic= Frenzy (overbought)
RSI Stochastic = Frenzy (overbought)
Level 1 Grid
1999.78 0.8541 Resistance
1815.31 0.76393 Support
1516.84 0.61803
Conclusion: Overdue correction
Action: Hold / Review Stop
Period: Daily
where we were....
where we were....
where we are now...
Analysis
RSI=Normal (transition) previous outlook was bearish bias looks like head and shoulders
Price = Level 2 Grid Frenzy (overbought)
Stochastic = Frenzy (overbought)
Stochastic = Frenzy (overbought)
RSI Stochastic = Solitude (oversold)
Conclusion: Corrective phase
Action: Hold/ Accumulate on weakness
Market Stats
O $167.00
H $172.81
H $172.81
L $165.88
C $172.36
VOL 43,200,000
VOL 43,200,000
Point and Figure
where we were
where we are now
where we were
where we are now
Analysis: Double Top if this a continuation patter then this will break out in the next few sessions
Action: Hold/ review stops
Cycle Projections and Interactive Fibonacci Grids are generated and courtesy of David Knox Barker and Long Wave Dynamics.
Wall Cycle Top Projection
Start:5/8/2011
Date Fibonacci Ratio Status
7/1/2011 61.803% Shorter than Ideal
7/17/2011 50% Shorter than Ideal
8/3/2011 38.196% Shorter than Ideal
8/24/2011 23.606% Shorter than Ideal *Hit
9/6/2011 14.589% Shorter than Ideal
Wall Cycle Bottom Projection
Start 1/7/2011
Date Fibonacci Ratios Status
9/9/2011 50% Shorter than Ideal
9/26/2011 38.196% Shorter than Ideal
10/17/2011 23.606% Shorter than Ideal
10/30/2011 14.589% Shorter than Ideal
11/7/2011 9.016% Shorter than Ideal
11/11/2011 5.572% Shorter than Ideal
11/19/2011 0% IDEAL TARGET
11/27/2011 5.572% Longer than Ideal
12/2/2011 9.016% Longer than Ideal
12/10/2011 14.589% Longer than Ideal
12/23/2011 23.606% Longer than Ideal
1/13/2012 38.196% Longer than Ideal
1/29/2012 50% Longer than Ideal
2/15/2012 61.803% Longer than Ideal
4/9/2012 100% Longer than Ideal
7/6/2012 161.803% Longer than Ideal
Interactive Fibonacci Grid Price Projections
Level 1 GridHigh 229.83 High
211.40 0.90983
200.01 0.8541 Resistance
181.59 0.7639 Transition
151.78 0.61803 Support
127.66 0.5
103.54 0.38196
73.73 0.23606
55.30 0.14589
43.92 0.09016
36.88 0.05572
Low 25.50 Low
Analysis: Normal (transition) Golden Ratio is over head
Conclusion: Golden ratio will act as strong resistance until over come
Level 2 Grid
Interactive Fibonacci Grid
High 1999.78 1972.86 0.94427
1956.23 0.90983
1929.31 0.8541
1885.77 0.76393
1815.31 0.61803
1758.31 0.5
1701.30 0.38196
1630.84 0.23606
1587.29 0.14589
1560.38 0.09016
1543.74 0.05572
Bradly Siderograph for S&P 500
Major Turns
Feb 17 2011
July 29 2011
Dec 28 2011
Minor Turns
1/6/11
2/3/11
6/15/11 * near miss 6/17/11 up
6/22/11 * Hit down
8/20/11 *near miss
8/30/11
9/26/11
10/12/11
10/28/11
11/22/11
11/23/11
We do not purport to tell or suggest which investment securities you should buy or sell for yourself. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. We will not be liable for any loss or damage caused by your reliance on information obtained in any of our newsletters, special reports, email correspondence, or on our web site. You are solely responsible for your own investment decisions.
The information contained herein does not constitute a representation by Wyckoff Long Wave Analysis or a solicitation for the purchase or sale of securities. Our opinions and analysis are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in our newsletters or on our web site should be independently verified with the companies mentioned. We are not responsible for errors or omissions and owners, employees and writers may hold positions in the securities that are discussed in our newsletters or on our web site.
Any opinions expressed are subject to change without notice.
No comments:
Post a Comment